“Some of #Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror.
The company's shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon #Musk has struggled with fierce competition and falling sales. Tesla's first-quarter results missed analyst expectations…”
https://www.reuters.com/business/autos-transportation/these-early-tesla-bulls-are-giving-up-stock-2024-06-04/